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Tether Hires KPMG for First-Ever Full USDT Audit
Biggest transparency move in stablecoin history.
KPMG will audit ~$185B USDT reserves
PwC hired to prepare internal systems
This goes beyond BDO Italia's monthly attestations.
Audit covers:
→ Assets & liabilities
→ Internal controls
→ Financial reporting systems
Why now?
→ U.S. expansion under GENIUS Act
→ USAT launched via Anchorage Digital Bank
→ $500B valuation fundraising talks
→ Institutional demand for transparency
Tether holds ~$122B in U.S. Treasuries, serves 550M+ users and made ~$10B profit in 2025.
The "is USDT backed?" FUD may finally be put to rest.